Wrapping up probe, Securities Commission says can’t conclusively establish breach of rules in Azam Baki shares trade | Malay Mail

Wrapping up probe, Securities Commission says can’t conclusively establish breach of rules in Azam Baki shares trade

Securities Commission, Macc

18/1/2022 11:00:00 AM

Wrapping up probe, Securities Commission says can’t conclusively establish breach of rules in Azam Baki shares trade

KUALA LUMPUR, Jan 18 — The Securities Commission (SC) today said it has finished its investigations concerning the controversial acquisition of public shares by Tan Sri Azam Baki that has stirred public uproar and demands for the Malaysian Anti-Corruption Commission ( MACC ) chief’s removal from...

channel for the latest updates.KUALA LUMPUR, Jan 18 — The Securities Commission (SC) today said it has finished its investigations concerning the controversial acquisition of public shares by Tan Sri Azam Baki that has stirred public uproar and demands for the Malaysian Anti-Corruption Commission (MACC) chief’s removal from office.

The SC began looking into the issue earlier this month after Azam openly admitted in a news conference that his brother, Nasir Baki, had used his share trading account — with his permission — to buy millions of shares in two public-listed companies back in 2015.

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The independent and competence of regulatory institutions in this country have been consciously eroded by the corrupt politicians. 🤣🤣🤣🤣🤣 SecComMY PGeorge9601 This country is a joke. One big pathetic joke. No wonder we r being passed by all our neighbours. Malaysia is doomed..rot to the core Macha, I jaga you so you jaga me ok! I'm just sharing a conversation that happened around my neighbours. If it relates to the above article, it's not my problem. I can't take the responsibility Disclaimer. 🙏

Just as expected of SC 😹 Well the trump cards held by AzamBaki is working. No one actually dare enough to investigate incl IsmailSabri60 In Malaysia we leading towards cowardice & manipulation. Must get PDRMsia to investigate SPRMMalaysia AzamBaki Even PSC he is too arrogant to attend. rasuah Hahaahaha..law untuk kayangan, suruh pergi PSC - kata ultra vires, SC siasat boleh pulak inconclusive..wah hebat2.Kalau orang biasa tadi,dah takde istilah inconclusive - bersalah atau tidak,tu je. Sama mcm kes skandal menteri gay - inconclusive, video kabur. Bull sheettt.

Majulah Malaysia kan Macc investigating sc, sc investigating macc. We know the result, you help me, I help you

SC unable to conclusively establish if Azam Baki breached trading regulationsPETALING JAYA: Securities Commission (SC) says unable to conclusively establish that Malaysian Anti-Corruption Commission ( MACC ) chief commissioner Tan Sri Azam Baki breached section 25(4) of the Securities Industry (Central Depositories) Act 1991 (SICDA). 😡😡😡😡😡😡😡😡😡😡😡 ASAbdull1 Of course not. Its his own acc and he traded himself. That is not wrong unless there's evidance that his brother really used his account (if you know what I meant)😉So SC is passing the batton to someone else. SecComMY officials themselves afraid to be investigated by SPRMMalaysia ?

Didnt Azam admit his brother used his acct? Is it an offence or not? A simple YES or NO would suffice

Kit Siang: Azam Baki’s stock-trading saga may trigger Johor election, GE15 after CNY | Malay MailKUALA LUMPUR, Jan 18 — Malaysian Anti-Corruption Commission ( MACC ) chief Tan Sri Azam Baki ’s proxy stock-trading saga may lead to both the Johor state election and 15th general election (GE15) being called soon, according to veteran DAP politician Lim Kit Siang. Lim pointed to fast-developing...

PSC meeting to discuss Azam Baki’s share ownership postponedKUALA LUMPUR: The Parliamentary Select Committee (PSC) meeting to discuss the issue of share ownership involving Malaysian Anti-Corruption Commission ...

PSC meeting on Azam Baki postponed | New Straits TimesNSTnation The Parliament Select Committee (PSC) special meeting on Malaysian Anti-Corruption Commission ( MACC ) chief commissioner Tan Sri AzamBaki's share ownership issue has been postponed to an unconfirmed date. DewanRakyat

Rais: I've given Azam Baki my advice | New Straits TimesKUALA LUMPUR: Tan Sri Rais Yatim said he has advised Malaysian Anti-Corruption Commission ( MACC ) chief commissioner Tan Sri Azam Baki following the controversy surrounding the latter’s share ownership issue. And Azam said ...... 'let me check your files' .....

Credit Suisse says its revamp intact despite chairman’s exit over Covid-19 breaches | Malay MailZURICH, Jan 17 — Credit Suisse will stick to its strategic overhaul despite the abrupt departure of its mastermind Antonio Horta-Osorio following an internal probe into his personal conduct, including breaches of Covid-19 rules, the embattled bank’s new chairman said today. Horta-Osorio leaves...

Telegram channel for the latest updates. KUALA LUMPUR, Jan 18 — The Securities Commission (SC) today said it has finished its investigations concerning the controversial acquisition of public shares by Tan Sri Azam Baki that has stirred public uproar and demands for the Malaysian Anti-Corruption Commission (MACC) chief’s removal from office. The SC began looking into the issue earlier this month after Azam openly admitted in a news conference that his brother, Nasir Baki, had used his share trading account — with his permission — to buy millions of shares in two public-listed companies back in 2015. “In this regard, the said inquiry relates to the issue of whether a potential breach under section 25(4) Securities Central Depository Act 1991 (SICDA) occurred.  “Section 25(4) SICDA provides that a trading account must be opened in the name of the beneficial owner or authorised nominee. “The SC has concluded its enquiry and based on the evidence gathered, the SC is not able to conclusively establish that a breach under section 25(4) SICDA has occurred,” it said in a brief statement. The SC did not elaborate on the next course of action or it if would make any recommendations to any other body. Previously, the SC explained in a statement on January 6 that all trades and securities accounts opened with the central depository must be made in the name of the beneficial owner of the account or an authorised nominee. Azam has maintained he did no wrong even as his critics accuse him of conflict of interest and abusing his position. He has also said he plans to take lethal action against the person who wrote the articles alleging conflict of interest last year, which sparked the controversy.  You May Also Like